Key Figures

ProsiebenSat.1 at a Glance

2018 was a challenging year in which we further developed our strategy. Our relevant financial and non-financial performance indicators developed in line with the most recently published guidance in 2018: Revenues were below the previous year at EUR 4,009 million (previous year: EUR 4,078 million). Adjusted EBITDA and adjusted net income declined by 4% to EUR 1,013 million (previous year: EUR 1,050 million) and by 2% to EUR 541 million (previous year: EUR 550 million), respectively. Adjusted for currency and portfolio effects, ProSiebenSat.1 Group nevertheless posted slight revenue growth year-on-year. At the same time, the share of the non-advertising business increased to 44% (previous year: 43%) despite the deconsolidation of the online travel portfolio.

Over the next around five years, the ProSiebenSat.1 Group intends to increase revenues to EUR 6 billion (2018: EUR 4,009 million) and adjusted EBITDA to EUR 1.5 billion (2018: EUR 1,013 million). We want to grow the share of revenues of the non-advertising business (2018: 44%) and the digital business (2018: 30%) each to over 50%. The financial targets reflect our strategy of expanding the entire Group into a diversified and fast-growing digital corporation.

Key Figures for the ProSiebenSat.1 Group

EURm

2018

2017

2016

2015

2014

Revenues

4,009

4,078

3,799

3,261

2,876

Revenue margin before income taxes (in %)

8.6

15.8

17.3

18.5

19.5

Total costs

3,710

3,590

3,056

2,555

2,209

Operating costs 1

3,027

3,053

2,804

2,355

2,047

Consumption of programming assets

1,319

1,145

915

896

868

Adjusted EBITDA2

1,013

1,050

1,018

926

847

Adjusted EBITDA margin (in %)

25.3

25.8

26.8

28.4

29.5

EBITDA

570

1,084

982

881

818

Reconciling items (net)3

-443

34

-35

-44

-29

Operating profit (EBIT)

348

820

777

730

695

Financial result

-4

-174

-119

-126

-134

Profit before income taxes

344

646

658

604

560

Consolidated net profit (after non-controlling interests) 4

248

471

402

391

346

Profit from discontinued operations (net of income taxes)

–/–

–/–

-42

0

-27

Adjusted net income5

541

550

513

466

419

Basic earnings per share (adjusted, in EUR)6

2.36

2.40

2.377

2.18

1.96

Investments in programming assets

1,070

1,048

992

944

890

Free Cash-Flow

-78

728

-4

-1

277

Cash flow from investing activities

-468

-894

-1,623

-1,522

-1,148

1 Total costs excl. D&A and non-recurring expenses. 2 EBITDA before non-recurring (exceptional) items. 3 Expense adjustments less income adjustments. 4 Consolidated net profit attributable to shareholders of ProSiebenSat.1 Media SE including discontinued operations. 5 Consolidated profit for the period attributable to shareholders of ProSiebenSat.1 Media SE before the effects of purchase price allocations and additional reconciling items. 6 Due to the merger of share classes in 2013, from this year on basic earnings per share (underlying) are shown. Prior year figures were not determined. 7 Calculated on the basis of the volume weighted average number of shares for the financial year 2016 of 216.8 million; taking into account the shares carrying dividend rights at the reporting date, the economic underlying earnings per share amount to EUR 2.24.

Key Figures for the ProSiebenSat.1 Group

EURm

12/31/2018

12/31/2017

12/31/2016

12/31/2015

12/31/2014

Programming assets

1,113

1,198

1,312

1,252

1,212

Equity

1,070

1,252

1,432

943

754

Equity ratio (in percent)

16.5

19.1

21.7

17.8

19.3

Cash and cash equivalents

1,031

1,552

1,271

734

471

Financial liabilities

3,194

3,185

3,185

2,675

1,973

Leverage 1

2.1

1.67

1.9

2.1

1.86

Net financial debt

2,163

1,6327

1,913

1,940

1,502

Employees 2

6,583

6,483

6,054

4,880

4,210

1 Ratio net financial debt to recurring EBITDA in the last twelve months. 2 Full-time equivalent positions as of reporting date from continuing operations. 3 After reclassification of cash and cash equivalents of Eastern European operations. Adjusted for the LTM recurring EBITDA contribution of Northern and Eastern European operations. 4 After reclassification of cash and cash equivalents of Eastern European operations. 5 Before reclassification of cash and cash equivalents of Northern and Eastern European operations. 6 Adjusted for the LTM recurring EBITDA contribution of Eastern European operations. 7After reclassification of cash and cash equivalents of Tropo.